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Assume 15-year maturity that interest is 3.00% for the market rate of interest and a mortgage balance of $270,000.00. What will the balance of the

Assume 15-year maturity that interest is 3.00% for the market rate of interest and a mortgage balance of $270,000.00. What will the balance of the mortgage be after 7.00 years?

a. $3,120,895.96

b. $1,864.57

c. $423,206.57

d. $158,963.21

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